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Search Results 0 to 11 of about 12 (some duplicates have been removed)
Jan 3, 2013 1:40am PST
officially signed the fiscal cliff bill into law, which preserves tax cuts for millions of americans. >> but that last-minute deal worked out in congress also has other far-reaching effects. with a look at them, here's abc's jonathan karl. [ gavel bangs ] >> reporter: it finally passed. >> the motion is adopted. >> reporter: but not before a political blood bath. at one point, the speaker of the house telling the top senate democrat to essentially buzz off. but using language we can't use on television. but it was speaker boehner who had to save the deal, fending off a revolt on his own party and putting his job on the line, supporting something opposed by the vast majority of his fellow republicans. now that it's passed, what does it mean to you? for the first time in more than 20 years, you'll see tax increases on the wealthy. for taylor swift, who made an estimated $57 million last year, that's nearly $2.6 million in new taxes. warren buffett, who famously paid a lower tax rate than his secretary, will also take a hit. on an estimated earnings of $63 million, he'll pay at least an
Jan 1, 2013 2:45am EST
. >> as 2013 begins, so does a long list of new laws. since you need to know, we're going to tell you where you can no longer let pigs loose or sell a shark fin. some of those unusual -- >> about here in the studio? i thought they banned that years ago. >> figuratively. >> we have in fact gone over the fiscal cliff. but lawmakers are working through the night on a deal to cancel the tax increases and spending cuts before they take effect. >> top republican leaders in the house say they'll vote on the agreement soon, and it could be on the president's desk in a day or two. we're now joined by karen travers in washington. hi, karen. >> reporter: good morning. it's after midnight and while we technically have gone over the fiscal cliff, some last minute arm twisting and negotiations may have provided a parachute. don't start popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> do you have a deal? >> happy new year. >> reporter: biden swoope
Jan 1, 2013 2:15am PST
on the new health care laws. hobby lobby, a crafts store chain, says it will not provide workers with health insurance that covers emergency contraception. now, this could mean fines of as much as $1.3 million per day starting today. hobby lobby is owned by a conservative christian family that feels that certain types of contraception violate their beliefs. >>> less than 24 hours for the nfl's regular season to end before seven coaches got walking papers. wow, that's a harsh new year. the list includes andy reid of philadelphia, lovie smith of chicago. the browns let go pat shermer. and the chargers dismissing norv turner. other nfl casualties, romeo cornell in kansas city and ken whisenhunt in arizona. my goodness gracious. >> not as bad as 2009. ten coaches were let go. >> the pressure is crazy on these guys. >> lovie smith had a 10-6 season, barely missed the playoffs. >>> familiar face returning to tv today. espn's hanna storm was hurt in a propane fire and suffered second degree burns on her chest and hands and she lost her eyebrows and eye lashes. roughly half her hair, as
Jan 2, 2013 2:35am EST
. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but there weren't enough votes to get it passed. this fiscal cliff deal which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent a tax hike on estates valued at less than $5 million and extend unemployment benefits set to expire for some 2 million people. since congress missed the january 1 midnight deadline, technically the country did go over the fiscal cl
Dec 27, 2012 1:40am PST
that reassure you? >> no, it would make me more scared. but here's the deal, your in-laws are staying here a lot longer now. if you were hoping to get a break, your mom and dad or your in-laws coming back, saying we're going to be here for a couple more days. hopefully you love your in-laws. >> i'm away from home right now, but if my in-laws are staying, you are welcome to stay as long as you would like. >> good answer, muhammad. good answer. >>> because of this storm, the search for two missing students in maine is suspended indefinitely. state police divers used sonar in their efforts to locate the two. they were last seen drinking with friends a week ago at wells' home and they're students at a yacht-building school along the maine coast. >>> in other news, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts all across utah and they volunteered for the concealed weapons training that is offered each year. organizers say in past years, only a few dozen teachers have attended this training, but they're expecting an
Dec 26, 2012 2:40am PST
there's more danger as it moves east. >> and the blizzard, very dangerous. when you hear law enforcement put out the warnings that say if you don't have to go on the roads, don't go on the roads. if you don't have to be out, if you don't have to be traveling, stay home and enjoy the holidays. >> good advice right now. >>> that same storm system dumped several feet of snow on california over the weekend, causing avalanches. and now a second person was -- has died. bill foster was buried yesterday about eight minutes after the intentionally started avalanche got out of hand. a snowboarder in another resort also died in a separate avalanche. the area got several feet of snow over the weekend cretuat g cretuating -- creating those dangerous conditions. >>> our more major story this morning, some disturbing details about the christmas eve killings of two firefighters in rochester, new york. they are included in a letter typed by the hiller allegedly on a typewriter and found by police. >> reporter: the trap that killed two firefighters and injured three other first responders was set by this
Jan 3, 2013 2:35am EST
california's 2009 anti-paparazzi law. but a judge later threw out those charges and said the law was too broad. in this case, garra's friends claim he was the victim. >> he loved the people that he was following, and was respecting the celebrity. he always played by the rules. >> reporter: the driver who hit garra had her two grand children in the car. the lapd says she was not at fault and will not be charged. >> let that debate rage on. >>> up next, two smart little girls, savvy little girls who helped save their momma's life. >> how they did it and their mother's emotional reaction. you're watching "world news now." ♪ >>> welcome back, everybody. a mother in brooklyn, new york has her own daughters to thank for saving her life. >> and their story serves as a reminder to make sure your youngsters know what to do in the event of an emergency. stacey sager of new york's wabc reports. >> reporter: they are every bit the typical 5-year-old girls, except little alexa did something extraordinary. she saved her mother's life. >> i never realized just how serious something like this could be
Search Results 0 to 11 of about 12 (some duplicates have been removed)